Property Pricing:

Major Mistakes to Avoid

The price is one of the most important

factors for the success of private

property sellers. What are the biggest

errors?

Allowing Emotions and Attachment to Affect

the Price of the Property

The price of real estate for sale by owner is

calculated on the basis of complex formula. Many

factors play a role but emotional attachment is not

one of them. Many private property sellers tend to

overprice the house due to their emotions and the

belief that it is worth more than its actual market

value.

Basing the Decision on the Amount You

Invested in the Property

The amount you invested in the house many years

ago cannot be used to determine its current price.

The market changes, it goes through highs and

lows. The price you paid for the house could be

lower or higher than its current market value. Forget

about using this number as the basis of your private

property sale price calculation.

No Professional Appraisal

A professional that deals with real estate valuations

will be capable of determining the price of your real

estate for sale by owner accurately. This is your

best opportunity to sell quickly. The asking price

can encourage or discourage buyers from

contacting you. This is why professional appraisals

are worth getting and using for the creation of your

marketing campaign.

Being Affected by Other Asking Prices

Many other property sellers could be basing the

price on the wrong criteria. Using other asking

prices as the basis of your decision is a rather bad

idea.

The only way to make sure you have the best price

is to work with a professional. Real estate ads

should be examined simply to figure out what

competition you are dealing with.

Thinking about the Price of Your New Home

You cannot think about the price of your new home

when determining the value of real estate for sale

by owner. These properties are entirely different

from each other and often, you will have to find

additional funding for the purchase of a new house.

Asking for What You Need, Not for What the

House is Worth

The house is worth a certain amount. Even if you

need more money, you will find yourself incapable

of justifying a higher asking price. A high price will

make it more difficult for you to sell and eventually,

you will find yourself forced to decrease the price.

Starting with an adequate amount will increase your

ability to sell quickly and get the most for your

house.

Do You Need Help?

Our media is dedicated to helping private property and business sellers

accomplish their goals. Coming up with a private property sale strategy can be very difficult. Contact us today to

make the most of this opportunity!